Amount on which TDS deducted than no matter it was included or not

Last updated: 05 January 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
Brief facts of the case are that in the relevant assessment year, the assessee-firm derived income from business of civil construction. The assessee had filed its return of income declaring total income of Rs.68,970/-. The Assessing Officer noticed from the audited Balance sheet and Profit & Loss A/c. the total receipt shown by the firm was at Rs.57,73,804/-. In support of its receipts, the assessee-firm had filed TDS certificates received from Missionaries of Charity, which certified making a total payment of Rs.57,73,804/- during the financial year 2007-08. The Assessing Officer observed that while examining the 26AS of the assessee-firm generated from the Departmental data base, it was found that the assessee-firm received different amounts during the financial year 2007-08

Citation :
Income Tax Officer, Ward-1, Nadia (Appellant)Vs M/s. St. Joseph Construction, Nadia (PAN: AARFS 4035 J)(Respondent)